Assistant Controller- Treasury & Trade Finance

JOB DESCRIPTION
Current Role Title	Assistant Controller- Treasury & Trade Finance	Reporting To	Manger- Treasury & Reporting
Location	Corporate Office (Dubai)	Concept	Shared Services
Job Description: Trade Finance related ·         Manage the centralized trade finance operations activities related to imports, viz. Letters of Credit, Payment against documents, etc. ·         Implement objectives, policies and procedures manual and user manuals for trade finance unit ·         Review requirements of business units in terms of operational support and discuss in detail with concerned business units ·         Execute projects related to trade finance operations, ensure their timely completion, achievement of objectives and cost efficiencies ·         Execute transactions within pre-set standardized turnaround times for all trade finance activities and service level agreements with business units  ·         Review department delivery processes with a view to ensure smooth workflow within the department, reduce turnaround times and achieve efficiency and cost benefits ·         Ensure that all transaction processing is in compliance with regulatory and Bank’s policies, procedures and standards with prompt intervention to resolve problems/ concern areas ·         Manage maintenance of transaction records, documents and create archival system for easy retrieval ·         Ensure proper check and balance approach for trade finance processes  ·         Monitor customer trade transactions, settlements and report any exceptions to concerned unit  ·         Develop and maintain relations with partner banks and Central Bank in order to facilitate and ensure smooth working support and quick resolution of issues/ concern areas ·         Direct, train and motivate subordinates to perform to consistently high standards in a team environment ·         Prepare regular reports/ MIS and analysis for senior management for effective monitoring and control. Treasury related Understand, manage, and supervise all aspects of cash flow. Forecast daily cash requirements and execute daily financing decisions. Prepare or monitor company’s various cash flow forecasts and perform financial modeling. Evaluate, develop and implement cash management systems to optimize efficiencies. Monitor bank service fees and address quality issues. Manage all aspects of In-house investment portfolios. Direct, monitor and trade investment portfolios including Working capital, Short term investment, and other portfolios. Assess risk/return trade-offs in guidelines. Assess performance benchmarks and recommend changes when warranted. Review and recommend changes to the investment policies based on the market conditions. Manage relationships with financial service providers. Conduct benchmark studies of banks and their services to evaluate whether it fits BMA requirements. Evaluate alternative borrowing strategies and make recommendations in accordance with the capital structure guidelines. Manage, direct, and develop Cash Management staff. Recommend, implement and maintain process improvements. Additional duties as directed by supervisor.
Target candidate and required skill set: Bachelor’s Degree in Accounting/Finance. CA (Inter) is strongly preferred. MBA desired. Extensive experience in preparing cash forecasts and cash flow analyses. Experience in presenting and preparing proposals to recommend new products/services. Experience leading, coaching and developing staff. Required Skills, Knowledge & Competencies: Knowledge of investment portfolio strategy, banking, and financial instruments. Advanced analytical, organization, and interpersonal skills. Advanced spreadsheet and modeling skills. Excellent collaboration, verbal and written communication skills. Able to break down problems into meaningful parts and come to rational and well-thought out conclusions. Demonstrated strong project management skills. Attention to detail and accuracy. Interested in process improvement. Willing to adapt quickly to quick changes in direction. Internally motivated to seek out answers, generate ideas, and develop new skills. Knowledge for documents and process for imports and Incoterms Incoterms are a standard set of terminology, created by the International Chamber of Commerce (ICC), used universally, defining the key parts of freight forwarding).
Target experience and expected remuneration: 4- 5 years relevant experience (with 2 years of 2-4 member team leading) with company which has import of more than more than USD 150K OR AED 560K or INR 10.5 Mn.
Target Industry to search candidate (only suggestion and can be looked outside below industry also) -          Edible Oils Refineries and trading companies, which are primarily based out of Mumbai (JNPT), Kandla (Guj), Krishnapatna Port (AP), Manglore (Karnataka), etc. https://seaofindia.com/all-members/ordinary-members/ -          Automobile Industry, including joint venture companies of Maruti, Honda, etc. -          Heavy machinery import companies, etc. Company should have turnover above more than USD 150K OR AED 560K or INR 10.5 Mn